STEW - SPE: This CEF Remains Attractive And Provides A Monthly Distribution
2024-04-07 23:30:39 ET
Summary
- Special Opportunities Fund is off to a strong start in 2024 after a solid 2023.
- SPE has a managed distribution policy with an 8% yield and a monthly pay schedule.
- The fund's portfolio is highly diversified, with a focus on closed-end funds and business development companies.
Written by Nick Ackerman, co-produced by Stanford Chemist.
Special Opportunities Fund ( SPE ) is off to a strong start for 2024 after coming off of a solid 2023 performance. This closed-end fund invests in a rather diversified portfolio, carrying exposure to a number of different investment structures and assets. That even includes other closed-end funds and business development company investments. The fund is run by Bulldog Investors, an activist group - though not nearly as active as Saba Capital. They took over this fund in 2009 as it was formerly the Insured Municipal Income Fund....
SPE: This CEF Remains Attractive And Provides A Monthly Distribution